A new ruling from the Federal Energy Regulatory Commission (FERC) might cost Con Edison customers more than they know.
The New York Power Authority estimates that FERC's ruling will cost power users in New York $400 million to $500 million, leaving Con Ed's customers to foot $300-375 million of that bill, according to the New York Post.
That means Con Ed customers throughout the five boroughs can expect to pay on average $9 more a month on their electric bill starting in January.
A spokesperson for Con Ed said the company has joined others in requesting a rehearing of the FERC order.
"We seek to balance the interests of all stakeholders, including customers and suppliers," a statement from the company said.
